Part III Individuals, partnerships, trusts and collective investment schemes F5etc

Annotations:
Amendments (Textual)
F5

Word in Pt. 3 heading inserted (with effect in accordance with Sch. 22 para. 12 of the amending Act) by Finance Act 2009 (c. 10), Sch. 22 para. 9; S.I. 2010/670, art. 2

Chapter I Miscellaneous provisions

63 Death: application of law in Scotland.

1

The provisions of this Act, so far as relating to the consequences of the death of F1... a proper liferenter of any property, shall have effect subject to the provisions of this section.

2

F2... on the death of any such F3... liferenter F4... the person (if any) who, on the death of the liferenter, becomes entitled to possession of the property as fiar shall be deemed to have acquired all the assets forming part of the property at the date of the deceased’s death for a consideration equal to their market value at that date.